The Walt Disney Company (NYSE:DIS) Position Increased by Nilsine Partners LLC

Nilsine Partners LLC grew its holdings in The Walt Disney Company (NYSE:DIS) by 4.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 38,371 shares of the entertainment giant’s stock after buying an additional 1,794 shares during the period. Nilsine Partners LLC’s holdings in Walt Disney were worth $4,273,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DIS. William B. Walkup & Associates Inc. bought a new position in shares of Walt Disney in the 2nd quarter valued at approximately $32,000. Cedar Mountain Advisors LLC lifted its holdings in Walt Disney by 38.1% during the 4th quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock valued at $44,000 after purchasing an additional 110 shares during the last quarter. Friedenthal Financial bought a new position in Walt Disney in the 4th quarter valued at $49,000. First PREMIER Bank raised its holdings in shares of Walt Disney by 98.1% in the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after buying an additional 256 shares during the last quarter. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Walt Disney during the fourth quarter valued at approximately $50,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

DIS has been the topic of several research reports. Macquarie reaffirmed a “neutral” rating and set a $110.00 price target on shares of Walt Disney in a research note on Monday, January 6th. Piper Sandler began coverage on Walt Disney in a report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 target price on the stock. Sanford C. Bernstein upped their price target on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. Citigroup reissued a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research note on Wednesday, January 22nd. Finally, Bank of America boosted their price target on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, November 15th. Five analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $125.52.

Insider Buying and Selling at Walt Disney

In related news, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total transaction of $917,920.00. Following the sale, the executive vice president now owns 44,055 shares in the company, valued at $5,054,870.70. This represents a 15.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value of $42,667,242.84. Following the sale, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 385,412 shares of company stock worth $44,153,263. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Up 0.9 %

Shares of DIS opened at $113.18 on Tuesday. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The stock has a fifty day moving average of $112.46 and a 200-day moving average of $100.11. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73. The stock has a market capitalization of $204.97 billion, a price-to-earnings ratio of 41.76, a PEG ratio of 1.95 and a beta of 1.43.

Walt Disney (NYSE:DIS) last posted its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The firm had revenue of $22.57 billion for the quarter, compared to analyst estimates of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 EPS. As a group, sell-side analysts anticipate that The Walt Disney Company will post 5.41 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were issued a dividend of $0.50 per share. The ex-dividend date was Monday, December 16th. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. This represents a yield of 0.6%. Walt Disney’s payout ratio is presently 36.90%.

Walt Disney Company Profile

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.